Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals advanced in August
BBA mortgage approvals recorded a rise to 41.81 K in the UK, in August, compared to market expectations of an advance to 41.70 K. BBA mortgage approvals had recorded a revised level of 41.64 K in the previous month.
German import price index remained unchanged in August
On a monthly basis in Germany, the import price index remained steady in August, less than market expectations for a rise of 0.10%. In the previous month, the import price index had fallen 0.40%.
German import price index rose as expected in August
The import price index rose 2.10% on a YoY basis in Germany in August, at par with market expectations. In the previous month, the import price index had climbed 1.90%.
French production outlook indicator climbed in September
The production outlook indicator advanced to 23.00 in France, in September. The production outlook indicator had recorded a reading of 20.00 in the previous month.
French own-company production outlook climbed in September
Own-company production outlook in France rose to a level of 18.00 in September. In the prior month, own-company production outlook had registered a revised reading of 14.00.
French industrial business climate index steadied in September
The industrial business climate index remained unchanged at 109.00 in September, in France. Market anticipation was for the industrial business climate index to rise to a level of 110.00.
Janet Yellen: Fed may have misjudged inflation, gradual hikes should continue
The Federal Reserve (Fed) Chairwoman, Janet Yellen, stated that the central bank may have overstated the strength of the US labour market and inflation rate and that downward pressures on inflation could prove to be unexpectedly persistent. However, she added that it would be appropriate to continue gradual interest rate hikes, while warning against waiting too long to raise interest rates in order to avoid the economy from overheating.
US new home sales unexpectedly fell in August
New home sales registered an unexpected drop of 3.40%, on monthly basis, to a level of 560.00 K in the US, in August, compared to a revised level of 580.00 K in the prior month. Market anticipation was for new home sales to rise to a level of 585.00 K.
US Redbook index rose in the last week
On a YoY basis, the Redbook index registered a rise of 4.00% in the US, in the week ended 22 September 2017. The Redbook index had recorded a rise of 3.60% in the previous week.
US Richmond Fed manufacturing index unexpectedly rose in September
In September, the Richmond Fed manufacturing index in the US rose unexpectedly to a level of 19.00, higher than market expectations of a drop to 13.00. The Richmond Fed manufacturing index had registered a level of 14.00 in the prior month.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in July
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.35% on a monthly basis in the US in July, higher than market expectations for an advance of 0.20%. In the prior month, the S&P/Case-Shiller composite index of 20 metropolitan areas had risen by a revised 0.09%.
US CB consumer confidence index dropped in September
Compared to a revised level of 120.40 in the previous month the CB consumer confidence index recorded a drop to 119.80 in the US, in September. Markets were anticipating the CB consumer confidence index to ease to a level of 120.00.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced more than expected in July
On an annual basis, in July, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas recorded a rise of 5.81% in the US, compared to a rise of 5.65% in the previous month. Market expectation was for the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to climb 5.70%.
US S&P/Case-Shiller home price index rose in July
In July, the S&P/Case-Shiller home price index advanced to 201.99 in the US. In the prior month, the S&P/Case-Shiller home price index had recorded a revised level of 200.53.
US Redbook index remained unchanged in the last week
The seasonally adjusted Redbook index in the US remained flat on a MoM basis, in the week ended 22 September 2017. The Redbook index had registered a rise of 0.10% in the prior week.
Chinese industrial profits (YoY) rose in August
In August, on an annual basis, industrial profits (YoY) in China registered a rise of 24.00%. In the previous month, industrial profits (YoY) had registered a rise of 16.50%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
